Suncoast Partnership To End Homelessness Inc
Suncoast Partnership To End Homelessness Inc shows consistent growth with zero officer compensation, despite a recent operating deficit.
EIN: 202783762 · Sarasota, FL · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| Net Assets | $494K |
| Transparency Score | 85/100 |
Is Suncoast Partnership To End Homelessness Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Suncoast Partnership To End Homelessness Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Suncoast Partnership To End Homelessness Inc
Suncoast Partnership To End Homelessness Inc (EIN: 202783762) is a nonprofit organization based in Sarasota, FL, classified under NTEE code P80. The organization reported total revenue of $2.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suncoast Partnership To End Homelessness Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Suncoast Partnership To End Homelessness Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-169,152 |
| Total Assets | $909K |
| Total Liabilities | $415K |
| Net Assets | $494K |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 45.7% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Suncoast Partnership To End Homelessness Inc reported a deficit of $169K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 45.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Suncoast Partnership To End Homelessness Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +15.5% | -17.6% |
| 2022 | +29.3% | +17.0% | +29.3% |
| 2021 | +61.3% | +64.8% | +82.7% |
| 2020 | -4.8% | -6.4% | -17.1% |
| 2019 | +14.2% | +14.3% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Suncoast Partnership To End Homelessness Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Suncoast Partnership To End Homelessness Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Suncoast Partnership To End Homelessness Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal period (202309) where expenses ($2,996,149) exceeded revenue ($2,826,997).
- Increasing liabilities relative to assets, with liabilities reaching $415,398 against assets of $909,401 in 202309.
Strengths
The following positive indicators were identified for Suncoast Partnership To End Homelessness Inc:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating strong resource allocation to programs.
- Significant growth in revenue and program scale over the past decade, from $439,685 in 201409 to $2,826,997 in 202309.
- Strong program focus, with expenses closely tracking revenues over most periods, suggesting efficient deployment of funds for its mission.
Frequently Asked Questions about Suncoast Partnership To End Homelessness Inc
Is Suncoast Partnership To End Homelessness Inc a legitimate charity?
Suncoast Partnership To End Homelessness Inc (EIN: 202783762) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Suncoast Partnership To End Homelessness Inc spend its money?
Suncoast Partnership To End Homelessness Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Suncoast Partnership To End Homelessness Inc tax-deductible?
Suncoast Partnership To End Homelessness Inc is registered as a tax-exempt nonprofit (EIN: 202783762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Suncoast Partnership To End Homelessness Inc's spending goes to programs?
Suncoast Partnership To End Homelessness Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Suncoast Partnership To End Homelessness Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Suncoast Partnership To End Homelessness Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Suncoast Partnership To End Homelessness Inc located?
Suncoast Partnership To End Homelessness Inc is headquartered in Sarasota, Florida and files with the IRS under EIN 202783762. It is classified under NTEE code P80.
How many years of IRS 990 filings does Suncoast Partnership To End Homelessness Inc have?
Suncoast Partnership To End Homelessness Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Is Suncoast Partnership To End Homelessness Inc financially stable given the recent deficit?
While the 202309 filing shows expenses exceeding revenue by $169,152, the organization had a surplus of $280,474 in the prior year (202209) and has generally maintained a positive asset base, suggesting a capacity to absorb short-term fluctuations. However, continued deficits would warrant concern.
How does the organization fund its operations without paying officer compensation?
The filings indicate that the organization relies on other forms of revenue, likely grants and donations, to cover its operational expenses. The absence of officer compensation suggests a volunteer-driven leadership or compensation structured differently, such as through a related entity not captured in this specific line item, though the 0% reported is highly unusual and positive.
What is the trend in the organization's assets and liabilities?
Assets have generally grown from $130,880 in 201409 to $909,401 in 202309, though they saw a dip from $1,103,339 in 202209. Liabilities have also increased over time, reaching $415,398 in 202309, which is a significant portion of its assets and should be monitored.
Filing History
IRS 990 filing history for Suncoast Partnership To End Homelessness Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Suncoast Partnership To End Homelessness Inc's revenue has grown by 166.3%, moving from $1.1M to $2.8M. Total assets increased by 641.6% over the same period, from $123K to $909K. Total functional expenses rose by 165.1%, from $1.1M to $3.0M. In its most recent filing year (2023), Suncoast Partnership To End Homelessness Inc reported a deficit of $169K, with expenses exceeding revenue. The organization holds $415K in liabilities against $909K in assets (debt-to-asset ratio: 45.7%), resulting in net assets of $494K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.0M | $909K | $415K | — | View 990 |
| 2022 | $2.9M | $2.6M | $1.1M | $440K | — | View 990 |
| 2021 | $2.2M | $2.2M | $853K | $471K | — | View 990 |
| 2020 | $1.4M | $1.3M | $467K | $91K | — | View 990 |
| 2019 | $1.4M | $1.4M | $563K | $221K | — | View 990 |
| 2018 | $1.3M | $1.3M | $377K | $46K | — | View 990 |
| 2017 | $1.1M | $1.0M | $407K | $87K | — | View 990 |
| 2016 | $685K | $676K | $213K | $22K | — | View 990 |
| 2015 | $554K | $487K | $199K | $16K | — | View 990 |
| 2014 | $440K | $424K | $131K | $15K | — | View 990 |
| 2013 | $380K | $366K | $120K | $20K | — | View 990 |
| 2012 | $537K | $521K | $97K | $12K | — | View 990 |
| 2011 | $1.1M | $1.1M | $123K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.0M, and assets of $909K (revenue -1.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.6M, and assets of $1.1M (revenue +29.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.2M, and assets of $853K (revenue +61.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $467K (revenue -4.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $563K (revenue +14.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $377K (revenue +11.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $407K (revenue +65.9% year-over-year).
- 2016: Revenue of $685K, expenses of $676K, and assets of $213K (revenue +23.7% year-over-year).
- 2015: Revenue of $554K, expenses of $487K, and assets of $199K (revenue +25.9% year-over-year).
- 2014: Revenue of $440K, expenses of $424K, and assets of $131K (revenue +15.7% year-over-year).
- 2013: Revenue of $380K, expenses of $366K, and assets of $120K (revenue -29.2% year-over-year).
- 2012: Revenue of $537K, expenses of $521K, and assets of $97K (revenue -49.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Suncoast Partnership To End Homelessness Inc:
Data Sources and Methodology
This transparency report for Suncoast Partnership To End Homelessness Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.